Guardian Stockbrokers Key Economic News Thursday 15 August 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK CPI advanced more than expected in July

In the UK, the consumer price index (CPI) registered a rise of 2.10% on an annual basis in July, compared to an advance of 2.00% in the previous month. Markets were anticipating the CPI to climb 1.90%.

UK house price index advanced less than expected in June

In the UK, the house price index registered a rise of 0.90% on an annual basis in June, less than market expectations for a rise of 1.00%. In the prior month, the house price index had registered a revised similar rise.

Euro-zone industrial production dropped more than expected in June

The seasonally adjusted industrial production in the Euro-zone registered a drop of 1.60% on a MoM basis in June, compared to a revised rise of 0.80% in the previous month. Market expectation was for industrial production to ease 1.50%.

Euro-zone GDP advanced as expected in 2Q 2019

The seasonally adjusted second estimate of gross domestic product (GDP) in the Euro-zone rose 0.20% on a QoQ basis in 2Q 2019, in line with market expectations. GDP had registered a rise of 0.40% in the previous quarter.

German GDP dropped as expected in 2Q 2019

In Germany, the seasonally adjusted preliminary GDP dropped 0.10% on a QoQ basis in 2Q 2019, compared to an advance of 0.40% in the prior quarter. Market anticipation was for GDP to drop 0.10%.

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